2. Regulation 12 of the Central Provident Fund (Ministry of Defence Housing Scheme) Regulations (Rg 13) is amended —| (a) | by deleting the words “paragraphs (3),” in paragraph (2) and substituting the words “paragraphs (6),”; | | (b) | by deleting paragraph (3); | | (c) | by inserting, immediately after the words “paragraphs (5),” in paragraph (4), “(6),”; | | (d) | by deleting the words “paragraphs (9)” in paragraph (5) and substituting the words “paragraphs (6), (9)”; | | (e) | by inserting, immediately after paragraph (5), the following paragraph:“(6) Subject to paragraphs (9) and (10), where the officer sells, transfers, assigns or disposes of the flat to any person without consideration or for a consideration below the market value of the flat, the officer shall, unless the Board otherwise directs, pay to his account in the Fund, in such manner as the Board may determine —| (a) | the amount prescribed in paragraph (2)(b), if the officer is below the age of 55 years at the time of the sale, transfer, assignment or disposal; | | (b) | the amount prescribed in paragraph (4)(ii), if the officer —| (i) | has attained the age of 55 years at the time of the sale, transfer, assignment or disposal; and | | (ii) | is required to set aside a minimum sum under section 15(6) of the Act; or |
| | (c) | notwithstanding sub-paragraph (b), the amount prescribed in paragraph (5)(ii), if the officer —| (i) | has attained the age of 55 years at the time of the sale, transfer, assignment or disposal; | | (ii) | is required to set aside a minimum sum under section 15(6) of the Act; and | | (iii) | is an officer in relation to whom the relevant requirements have been satisfied.”; |
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| | (f) | by deleting the words “paragraphs (2) to (5)” in paragraph (9) and substituting the words “paragraphs (2) to (6)”; and | | (g) | by deleting the words “paragraph (2), (3), (4), (5)” in paragraph (b)(i) of the definition of “relevant amount” in paragraph (11) and substituting the words “paragraph (2), (4), (5), (6)”. |
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